HANOI, July 26 (Reuters) - Vietnam's coffee exports this
month surged almost 70 percent from the same month last year to
an estimated 90,000 tonnes, or 1.5 million bags, the government
said on Monday

     July shipment brought exports of the commodity in the first
10 months of the 2009/2010 crop year to 1.03 million tonnes, or
17.2 million 60-kg bags, up only 1.1 percent from a year earlier,
the General Statistics Office said in its monthly report.
    Vietnam's coffee crop year lasts between October and
September, starting with a four-month harvest.
    The statistics office revised up June shipment slightly to
94,900 tonnes from a previous estimate of 90,000 tonnes.
    Exporters in Vietnam sold quickly in late June and early July
to catch up with a price rally in London's robusta market that
touched a 20-month peak on July 2.
    Sales have since slowed on lower stocks among better-off
farmers and domestic speculators. 
    July's shipment brought coffee exports from Vietnam, the
world's second-largest producer after Brazil, to 748,700 tonnes,
or 12.48 million bags, in the first seven months of 2010, down
5.9 percent from the same period last year, the report said.
    Revenues in the seven-month period totalled $1.06 billion, or
10.4 percent lower than a year ago, the report said.
    Coffee is the country's second-largest agro-product export
item in terms of value after rice.
    The export volume so far meant stocks now had thinned to
around 68,000 tonnes, or 1.13 million bags left in the country,
after deducting the export volume between last October and July
and domestic consumption of 80,000 tonnes, or 1.33 million bags.
    The current stock compiled by Reuters is based on a median
forecast by traders in a Reuters poll on Jan. 29 on a crop output
of 18 million 60-kg bags, or 1.08 million tonnes.  
    Traders in Vietnam estimated the stock carried forward from
the previous 2008/2009 crop at 100,000 tonnes, or 1.67 million
bags.